Overview: In January 2021 Arkansas exported $375M and imported $761M, resulting in a negative trade balance of $386M. Between January 2020 and January 2021 the exports of Arkansas have decreased by $-215M (-36.4%) from $591M to $375M, while imports increased by $30.5M (4.17%) from $731M to $761M.
Trade: In January 2021, the top exports of Arkansas were Rice ($32.3M), Explosive Ammunition ($24.6M), Eggs ($18.4M), Poultry Meat ($17.8M), and Cellulose Fibers Paper ($13.2M). In January 2021 the top imports of Arkansas were Planes, Helicopters, and/or Spacecraft ($91.3M), Commodities not elsewhere specified ($24.8M), Computers ($22.1M), Rubber Footwear ($21.5M), and Models and Stuffed Animals ($21.5M).
Destinations: In January 2021, Arkansas exported mostly to Canada ($93.5M), Mexico ($67.5M), Japan ($34.1M), China ($20.9M), and Netherlands ($14M), and imported mostly from China ($261M), France ($95.8M), Canada ($75.2M), Mexico ($56.2M), and Vietnam ($36.7M).
Growth: In January 2021, the decrease in Arkansas's year-by-year exports was explained primarily by an decrease in exports to France ($-159M or -98.5%), Canada ($-35.3M or -27.4%), and Netherlands ($-34.8M or -71.3%), and product exports decrease in Aircraft Parts ($-206M or -99%), Coated Flat-Rolled Iron ($-6.19M or -89.8%), and Commodities not elsewhere specified ($-6.12M or -61.6%). In January 2021, the increase in Arkansas's year-by-year imports was explained primarily by an increase in imports from France ($16.7M or 21.2%), Taiwan ($11M or 86.6%), and China ($10.2M or 4.08%), and product imports increase in Planes, Helicopters, and/or Spacecraft ($19.8M or 27.7%), Explosive Ammunition ($10.6M or 141%), and Computers ($10.1M or 83.6%).